Minneapolis Homes: Access Down Payment Assistance program
Minneapolis Homes: Access Down Payment Assistance program provides homebuyers with down payment assistance to purchase a primary residence in Minneapolis. Homebuyers may apply for a fund reservation prior to a purchase agreement or apply with a signed purchase agreement. Both group education and a financial wellness appointment must be completed prior to pre-approval or a purchase agreement.
Details
- Down Payment Assistance TypeDeferred Loan
- Down Payment Assistance Amount Up To20000
- First-Time HomebuyersYes
- FHA Down Payment Eligible Yes
- Can be Layered with other ProgramsYes
- Down Payment Assistance Administrator Neighborworks
Eligible Property Types
- Single Family Home
- Duplex/2-unit
- Tri-plex/3-unit
- Quadplex/4-unit
- Town Home
- Condo
Funds can be used for:
- Down Payment
- Closing Cost
State(s)
- Minnesota
City
- Minneapolis
Homebuyer Education Requirement Option(s)
- Home Stretch
Occupancy Type
- Primary Home
Financial Instution
CMG Home Loans
Additional Information
Fund reservation (DPA pre-approval) is available to borrowers if all items below are completed and submitted. The fund reservation is good for up to 90 days. A purchase agreement is not required to reserve funds.
Role
Loan Officer
Location
731 Bielenberg Dr suite 204, Woodbury, MN 55125, USA
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About the listing author
I got into the mortgage business in a strange way. I have a degree in Hospitality Administration and a minor in business and was happy in the restaurant and hotel…
I got into the mortgage business in a strange way. I have a degree in Hospitality Administration and a minor in business and was happy in the restaurant and hotel…